Queensland Consolidated Acts Queensland Consolidated Acts(1) The existing board is continued under the name 'Board of Trustees of the State Public Sector Superannuation Scheme'.
(2) The board--
(a) is a body corporate; and
(b) has perpetual succession; and
(c) has a common seal; and
(d) may sue and be sued in its corporate name.
(3) The board is not a statutory body under the Financial Accountability Act 2009.
(4) The board is declared to be an excluded matter for the Corporations Act, section 5F, in relation to the provisions of that Act for which a statutory body within the meaning of the Statutory Bodies Financial Arrangements Act 1982 is declared to be an excluded matter under section 13A of that Act.
(5) The board represents the State.
(6) However, for the purposes of the Corporations Act 2001 (Cwlth), chapter 7 and the Superannuation Industry (Supervision) Act 1993 (Cwlth) the board--
(a) does not represent the State; and
(b) is not an agent or instrumentality of the State; and
(c) does not have the immunities and privileges of the State.
(7) In this section--
existing board means the board established under this Act and existing immediately before the commencement of the Superannuation and Other Legislation Amendment Act 1997.